Most-Downgraded StocksMost-DowngradedNASDAQ:SHLS Shoals Technologies Group (SHLS) Stock Price, News & Analysis → Are You Positioned For The New Energy Goldrush? (From Wealthpin Pro) (Ad) Free SHLS Stock Alerts $7.87 -0.30 (-3.67%) (As of 05/31/2024 08:51 PM ET) Add Compare Share Share Today's Range$7.66▼$8.5250-Day Range$6.41▼$11.7952-Week Range$6.28▼$28.34Volume6.13 million shsAverage Volume4.45 million shsMarket Capitalization$1.34 billionP/E Ratio43.72Dividend YieldN/APrice Target$17.29 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Shoals Technologies Group alerts: Email Address Shoals Technologies Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.58 Rating ScoreUpside/Downside119.7% Upside$17.29 Price TargetShort InterestHealthy11.47% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.94Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth34.09%From $0.44 to $0.59 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.10 out of 5 starsOils/Energy Sector46th out of 238 stocksSemiconductors & Related Devices Industry27th out of 89 stocks 4.3 Analyst's Opinion Consensus RatingShoals Technologies Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 13 buy ratings, 4 hold ratings, and 2 sell ratings.Amount of Analyst CoverageShoals Technologies Group has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Shoals Technologies Group's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted11.47% of the float of Shoals Technologies Group has been sold short.Short Interest Ratio / Days to CoverShoals Technologies Group has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Shoals Technologies Group has recently decreased by 15.88%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldShoals Technologies Group does not currently pay a dividend.Dividend GrowthShoals Technologies Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SHLS. Previous Next 3.9 News and Social Media Coverage News SentimentShoals Technologies Group has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Shoals Technologies Group this week, compared to 6 articles on an average week.Search Interest24 people have searched for SHLS on MarketBeat in the last 30 days. This is an increase of 140% compared to the previous 30 days.MarketBeat Follows9 people have added Shoals Technologies Group to their MarketBeat watchlist in the last 30 days. This is an increase of 125% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Shoals Technologies Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.67% of the stock of Shoals Technologies Group is held by insiders.Read more about Shoals Technologies Group's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Shoals Technologies Group are expected to grow by 34.09% in the coming year, from $0.44 to $0.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Shoals Technologies Group is 43.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.44.Price to Earnings Ratio vs. SectorThe P/E ratio of Shoals Technologies Group is 43.72, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.29.Price to Book Value per Share RatioShoals Technologies Group has a P/B Ratio of 2.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Shoals Technologies Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceMust-See: Elon’s New Invention is Absolutely InsaneCould Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street veteran, Eric Fry… This mind-blowing new technology could be bigger than the iPhone.Click here for the full story… About Shoals Technologies Group Stock (NASDAQ:SHLS)Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. It provides EBOS components, including combiners; plug-n-play branch connectors and inline fuses; AC disconnects; recombiners; wireless monitoring; junction boxes; wire management; EV power cabinets; and battery energy storage systems cabinets, as well as cable assemblies, transition enclosures, and splice boxes. In addition, the company offers eMobility solutions, such as a power center, which combines equipment needed to protect the charging equipment and transform voltage levels from the electric utility to those needed on the respective site; quick connect solutions for chargers to connect to the Shoals system; big lead assembly (BLA) technology in the EV space to connect multiple chargers to a single power center; and a raceway system that protects the above ground EV BLAs in walk over and drive over applications. Further, it provides Snapshot IV, a solar operations and maintenance solution that monitors the specific voltage and current of individual solar panels and compares the results against the manufacturer's projected performance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.Read More SHLS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SHLS Stock News HeadlinesJune 2 at 4:10 AM | americanbankingnews.comShoals Technologies Group (NASDAQ:SHLS) Trading Down 5.1%May 31 at 11:00 AM | globenewswire.comShoals Technologies Group, Inc. Announces Participation in Upcoming Investor EventsMay 29, 2024 | finance.yahoo.comAt US$7.95, Is Shoals Technologies Group, Inc. (NASDAQ:SHLS) Worth Looking At Closely?May 23, 2024 | markets.businessinsider.comNotice to Current Long-Term Shoals Technologies Group, Inc. (SHLS) ShareholdersMay 22, 2024 | seekingalpha.comShoals Technologies: Market And Warranty UpdateMay 21, 2024 | prnewswire.comThe Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLSMay 20, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitMay 20, 2024 | investorplace.com7 Solar Stocks That Could Be Millionaire-Makers: May EditionMay 17, 2024 | uk.finance.yahoo.comRobert Karr's Strategic Position Boost in Shoals Technologies Group IncMay 17, 2024 | finance.yahoo.comRobert Karr's Strategic Acquisition in Shoals Technologies Group IncMay 17, 2024 | businesswire.comThe Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Shoals Technologies Group, Inc. (SHLS)May 16, 2024 | prnewswire.comSHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Shoals Technologies Group, Inc. - SHLSMay 15, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitMay 15, 2024 | prnewswire.comLevi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Group, Inc. Lawsuit - SHLSMay 14, 2024 | prnewswire.comThe Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 21, 2024 in Shoals Technologies Lawsuit - SHLSMay 13, 2024 | stockhouse.comShoals Technologies Group (SHLS) Faces Class Action After SHLS Belatedly Booked $50M Warranty Expense - Hagens BermanMay 13, 2024 | prnewswire.comROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important May 21 Deadline in Securities Class Action - SHLSMay 13, 2024 | prnewswire.comShoals Technologies Group, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before May 21, 2024 to Discuss Your Rights - SHLSMay 10, 2024 | prnewswire.comSHOALS TECHNOLOGIES SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Shoals Technologies Group, Inc. - SHLSMay 9, 2024 | prnewswire.comSHLS Investors Have Opportunity to Lead Shoals Technologies Group, Inc. Securities Fraud LawsuitMay 9, 2024 | msn.comNorthland Capital Markets Downgrades Shoals Technologies Group (SHLS)May 9, 2024 | msn.comRoth MKM Downgrades Shoals Technologies Group (SHLS)May 8, 2024 | msn.comShoals Technologies sinks after delivering mixed Q1, weak guidanceMay 8, 2024 | finance.yahoo.comShoals Technologies Group, Inc. (NASDAQ:SHLS) Q1 2024 Earnings Call TranscriptMay 8, 2024 | investorplace.com7 Ignored Tech Stocks That Deserve Their Share of the SpotlightSee More Headlines Receive SHLS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Shoals Technologies Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/07/2024Today6/02/2024Next Earnings (Estimated)8/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorOils/Energy Industry Semiconductors & related devices Sub-IndustryN/A Current SymbolNASDAQ:SHLS CUSIPN/A CIK1831651 Webwww.shoals.com Phone615-451-1400FaxN/AEmployees1,309Year FoundedN/APrice Target and Rating Average Stock Price Target$17.29 High Stock Price Target$33.00 Low Stock Price Target$6.00 Potential Upside/Downside+119.7%Consensus RatingModerate Buy Rating Score (0-4)2.58 Research Coverage19 Analysts Profitability EPS (Most Recent Fiscal Year)$0.18 Trailing P/E Ratio43.72 Forward P/E Ratio17.89 P/E GrowthN/ANet Income$39.97 million Net Margins6.42% Pretax Margin8.86% Return on Equity13.95% Return on Assets9.02% Debt Debt-to-Equity Ratio0.30 Current Ratio2.62 Quick Ratio1.87 Sales & Book Value Annual Sales$488.94 million Price / Sales2.74 Cash Flow$0.59 per share Price / Cash Flow13.24 Book Value$3.25 per share Price / Book2.42Miscellaneous Outstanding Shares170,420,000Free Float167,574,000Market Cap$1.34 billion OptionableOptionable Beta1.86 The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMs. Inez Lund (Age 58)Chief Accounting Officer Ms. Jessica UeckerChief Human Resources OfficerMr. Ben MaciasChief Revenue OfficerMr. Alex StuckerSenior VP of Sales & Business DevelopmentMr. John Hass (Age 53)Chief Product Officer Key CompetitorsFormFactorNASDAQ:FORMPower IntegrationsNASDAQ:POWITower SemiconductorNASDAQ:TSEMSilicon LaboratoriesNASDAQ:SLABIPG PhotonicsNASDAQ:IPGPView All CompetitorsInsiders & InstitutionsRedwood Grove Capital LLCBought 692,400 shares on 5/23/2024Ownership: 0.406%Swedbank ABBought 2,260,142 shares on 5/21/2024Ownership: 1.326%Virtu Financial LLCBought 91,138 shares on 5/20/2024Ownership: 0.061%LBP AM SABought 20,298 shares on 5/17/2024Ownership: 0.044%Walleye Trading LLCSold 12,400 shares on 5/17/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions SHLS Stock Analysis - Frequently Asked Questions Should I buy or sell Shoals Technologies Group stock right now? 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shoals Technologies Group in the last year. There are currently 2 sell ratings, 4 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SHLS shares. View SHLS analyst ratings or view top-rated stocks. What is Shoals Technologies Group's stock price target for 2024? 19 Wall Street research analysts have issued 1 year target prices for Shoals Technologies Group's stock. Their SHLS share price targets range from $6.00 to $33.00. On average, they anticipate the company's stock price to reach $17.29 in the next year. This suggests a possible upside of 119.7% from the stock's current price. View analysts price targets for SHLS or view top-rated stocks among Wall Street analysts. How have SHLS shares performed in 2024? Shoals Technologies Group's stock was trading at $15.54 at the beginning of 2024. Since then, SHLS stock has decreased by 49.4% and is now trading at $7.87. View the best growth stocks for 2024 here. When is Shoals Technologies Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024. View our SHLS earnings forecast. How were Shoals Technologies Group's earnings last quarter? Shoals Technologies Group, Inc. (NASDAQ:SHLS) issued its earnings results on Tuesday, May, 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $90.81 million for the quarter, compared to the consensus estimate of $94.44 million. Shoals Technologies Group had a trailing twelve-month return on equity of 13.95% and a net margin of 6.42%. What ETFs hold Shoals Technologies Group's stock? ETFs with the largest weight of Shoals Technologies Group (NASDAQ:SHLS) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Invesco Solar ETF (TAN), Global X Clean Tech ETF (CTEC), ProShares S&P Kensho Cleantech ETF (CTEX), Xtrackers US Green Infrastructure Select Equity ETF (UPGR), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Global X Solar ETF (RAYS) and ALPS Clean Energy ETF (ACES). What guidance has Shoals Technologies Group issued on next quarter's earnings? Shoals Technologies Group updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $85.0 million-$95.0 million, compared to the consensus revenue estimate of $110.2 million. When did Shoals Technologies Group IPO? Shoals Technologies Group (SHLS) raised $1 billion in an initial public offering (IPO) on Wednesday, January 27th 2021. The company issued 50,000,000 shares at $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan, Guggenheim Securities and UBS Investment Bank acted as the underwriters for the IPO. Who are Shoals Technologies Group's major shareholders? Shoals Technologies Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.71%), William Blair Investment Management LLC (6.00%), Clearbridge Investments LLC (5.24%), Joho Capital LLC (3.77%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (3.00%) and Swedbank AB (1.33%). Insiders that own company stock include Dean Solon, Jason R Whitaker, Jeffery Tolnar, Mehgan Peetz, Philip A Garton and Ty P Daul. View institutional ownership trends. How do I buy shares of Shoals Technologies Group? Shares of SHLS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:SHLS) was last updated on 6/3/2024 by MarketBeat.com Staff From Our PartnersWrite this ticker symbol down…StocksToTradeTrump’s Gift Could Unleash $51 Billion in New WealthWealthpin ProBiden replacement revealed?Paradigm PressExposed: 10 CENT Crypto to Explode May 20th?True Market InsidersHe Is Giving Away BitcoinCrypto Swap ProfitsShocking $16T Elon Musk Crypto LeakCrypto 101 MediaBiden Nomination CANCELED?The Freeport SocietyBuy this small stock before coming AI Tidal WaveChaikin Analytics Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Shoals Technologies Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.